Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“I saw three ships come sailing by,
Come sailing by, come sailing by,
I saw three ships come sailing by,
On Christmas Day in the morning.”
—Unknown. As I Sat on a Sunny Bank. . .
Oxford Book of Light Verse, The. W. H. Auden, ed. (1938)
“All schools, all colleges, have two great functions; to confer, and to conceal, valuable knowledge. The theological knowledge which they conceal cannot justly be regarded as less valuable than that which they reveal. That is, when a man is buying a basket of strawberries it can profit him to know that the bottom half of it is rotten.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.”
—William Howard Taft (1857–1930)